According to him, post-listing, considering a 120 per cent listing gain, the valuation front has moved from reasonably valued to stretched valuations, which would be a reason for profit-booking attempts at high levels. "We continue to recommend that conservative investors choose profit-booking, while risk-takers can continue holding for the long term, as the sector outlook remains optimistic," said Tapse.
Given the company's strategic alignment with government initiatives promoting domestic solar production, alongside its diversified customer base and recognition as a top performer in module reliability, suggests a promising future. In the long run, Tapse believes the market could give a premium multiple towards its leadership position.
Meanwhile, Shivani Nyati, Head of Wealth at Swastika Investmart, said that this exceptional performance aligns with the pre-listing hype, fueled by the company's strong fundamentals, robust investor response, and favorable market conditions. According to Nyati, the company's diversified customer base, robust order book, and recent surge in profitability have contributed to this positive sentiment.
She believes that while the solar manufacturing industry remains competitive, Premier Energies' strategic positioning and focus on innovation differentiate it from its peers. The company's ability to navigate industry headwinds, as demonstrated by its strong financial performance in FY24, further enhances its appeal.
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